President Trump is likely to act on TikTok, which he has threatened to ban in the U.S. over China security concerns, on Sunday or Monday, White House trade adviser Peter Navarro said on Fox News late Saturday. Trump had told reporters he plans to sign an executive order as soon as Saturday banning TikTok. The announcement temporarily halted talks by Microsoft to buy the U.S. operations of...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
Treasury Warns of Cloud Computing’s Risks to Financial Industry
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Uber’s Ride Hailing Business Shows Strong Recovery
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